Emmanuel OchayiIn an electrifying trading session, the NGX soared past the monumental 74,000 mark, showcasing 1.21% surge in the All-Share Index, closing at 74,289.02 points.
The market’s upward trajectory today follows the milestone where NGX surpassed 73,000, accompanied by the crossing of the NGX’s market cap into the N40 trillion territory.
Join our WhatsApp ChannelA gain of N488 billion boosted the market cap to N40.652 trillion, propelled by outstanding performances from key players like TRANSCORP, MULTIVERSE, and INFINITY, each demonstrating surges of 10%, 9.96%, and 9.87% respectively.
READ ALSO: NGX: Market Cap Surges Above N40trn, ASI Hits 73,000 Points
Trading activity witnessed a significant upswing with 760.93 million units traded, surpassing yesterday’s 411.21 million units, reflecting increased investor participation. Moreover, in terms of value, today’s trading closed at N13.03 billion, marking a modest uptick from yesterday’s N12.83 billion.
The market showcased strength with the NGX All-Share Index closing at 74,289.02 points (+1.21%), fluctuating between 73,397.71 and 74,292.82 points, yielding a year-to-date increase of +44.95%, accompanied by a traded volume of 760.93 million units, and a market cap reaching N40.65 trillion.
While some stocks experienced declines, the top gainers – including IMG, TRANSCORP, and OKOMUOIL – displayed exceptional performances, each recording significant upward movements.
Among the most traded stocks, ABBEYBDS led in trading volume with 224.08 million units, showcasing investors’ interest, while NESTLE led in terms of traded value at N2.65 billion.
In the SWOOT category, MTNN’s substantial gain of 5.4% played a pivotal role in today’s market surge, accompanied by positive movements from ZENITHBANK and GTCO. Meanwhile, tier-1 bank stocks exhibited bullish trends, with FBNH, UBA, GTCO, ACCESSCORP, and ZENITHBANK recording gains.
The NGX’s relentless climb reflects investor confidence and enthusiasm, hinting at a robust market sentiment as it continues to break barriers and set new records.
Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.
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